What are the responsibilities and job description for the Associate Underwriting Analyst position at NextEra Energy and Careers?
At PALMS Insurance, a NextEra Energy company, we specialize in offering customized insurance solutions that address the unique needs of our clients. Our commitment to excellence, reliability, and customer satisfaction sets us apart as a trusted provider in the insurance industry. Are you ready to make a meaningful difference? Become a part of our team today.
Position Specific Description
The Associate Underwriting Analyst supports the underwriting team by conducting detailed risk assessments and financial analysis of insurance program opportunities and renewals. This role involves gathering and analyzing data from various sources, preparing comprehensive reports, and assisting underwriters by creating the necessary internal documents and overseeing internal tracking of the life of the program. The position requires strong analytical skills to evaluate potential risks, proficiency in underwriting software and databases, and the ability to communicate findings with all stakeholders within the company. The Associate Underwriting Analyst will also maintain accurate documentation, ensure compliance with company guidelines and regulatory requirements, and contribute to process improvements within the underwriting department as need be.
Job Overview
This job will serve as an integral member of the underwriting team, providing underwriting support for the entire underwriting process. This job will specifically focus on new business onboarding and renewal processing across all business segments. This job will be responsible for leading the new business onboarding process to ensure a smooth transition and experience for new partners. Collaboration with all internal teams and key external contacts will be essential for this job, as it assists with inquiries, manages documentation, and coordinates onboarding activities. Additionally, this job will lead the renewal processing on behalf of, and at the request of, the applicable Underwriter of Record by requesting updated submission materials from partners and coordinating all internal approvals.
Job Duties & Responsibilities
- Assist the Underwriter of Record with their underwriting review and analysis on all new opportunities
- Lead the new opportunity onboarding process, compiling all relevant documentation from all service departments, tracking outstanding items and confirming that all tasks are completed in a timely manner
- Assist the Underwriter with various Underwriting Quality Assurance controls, including periodic review of premium bordereaux, identifying notable inconsistencies in data elements and work with the Underwriter, and if applicable, Operations to reconcile
- Assist the Underwriter with renewals and/or program continuations, ensuring submission materials are complete and received in a timely manner, and that all internal approvals are appropriately received and documented
- Performs other job-related duties as assigned
Required Qualifications
- Bachelor's or Equivalent Experience
- Experience: 0 years
Preferred Qualifications
- Experience: 1 years
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Employee Group: Exempt
Employee Type: Full Time
Job Category: Finance, Accounting & Business Analytics
Organization: Palms Management Services, LLC
Relocation Provided: Yes, if applicable
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